PS The rest of the email made good sense however on the issue below I think though right it could have been done better for transparency and accounting procedures especially in an environment where we have private sector investing alongside government.
Any business entity requires to always injection of capital equivalent to their share participation. Orange has been injecting working capital to TKL without corresponding response from GOK. The cost for 3G is an equivalent capital injection from GoK. Above all GoK owns part of TKL and like any other business will be required from time to time to pay up or receive what is due to it.
[] So orange should have made the payment and then GOK would just turn that around and pay it back to Orange as their capital input as shareholders. End result is the same however Creates a transparent transaction and negates any misunderstanding by stakeholders. [] Regards Badru
Dear all,
I have been quite intrigued by the negotiations between GoK and France Telecom over their Telkom acquisition that were covered nicely consistently by the East African in recent weeks.
The latest instalment here:
http://www.theeastafrican.co.ke/news/How%20the%20French%20got%20their%2 0way%20in%20battle%20for%20Telkom%20Kenya/-/2558/942312/-/gktealz/- /index.html
The article states that GoK and France Telecom have come to an
under which
- GoK will pay the USD10m fee for the 3G license for Telkom - in
context, I'd be curious to know if CCk will refund USD15m to Safaricom as, from what I understand, they had initially promised to do if the license fee will be lowered from its initial USD25m? - GoK will clear overdue bills to Telkom, contributions to the
fund, overdue payment to KBC: no issue with these since it appears fair enough that GoK clears liabilities that precede the privatisation (never mind the question why GoK/parastatals have been let to accumulate such obligations in the first place). - Telkom to manage and control GoK's 20% stake in TEAMS.
- France Telecom to be granted an exclusive operational and
contract for the government-owned, multimillion-dollar nationwide optic fibre network. Since we had all these elaborate discussions recently in the context of the new tariff regulations regarding competition and level playing field, I wonder how this helps to create a level playing field?
I haven't read much from GoK/CCK/Min of Information on this so far, so first of all, I'd be curious to know how much of the East African coverage is accurate, and if not, what the facts are - if the PS Information is reading along?
And then I'd be interested to hear opinions on how this will affect
agreements that pension maintenance the
competitive landscape. Anyone thoughts?
Have a good day and keep warm :)
Andrea
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